Check Chart

MemberAdvantage

The unexpected happens more than we'd like...and usually at the wrong time. You sit down to balance your checking account only to realize you forgot to write in a debit transaction and it leaves you a "little short" to cover your outstanding checks.

This is why Freedom has added a for members that protects you from some of the expense, the embarrassment and hassle of returned checks.

Protects you from NSF returned checks
Protects you from merchant returned check charges
Protects you from collection agency fees
Protects your credit standing

What is MemberAdvantage?

MemberAdvantage is a service that adds a measure of protection to your personal checking account. MemberAdvantage may cover items such as check, debit, ACH or ATM transactions up to a pre-approved limit, when your checking account funds are insufficient. What does this mean? This means instead of returning an item because of insufficient funds, Freedom may pay it, saving you additional charges from merchant collection companies. It also saves you the embarrassment an inadvertent returned item can cause and helps protect your credit standing.

How Does MemberAdvantage Work?

Overdrafts on your checking account, up to your account limit [including the overdrawn item(s) and the MemberAdvantage fee(s)] may be honored by Freedom. A fee equal to our NSF fee will be assessed for each item. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit at one of our branch offices.

What if I already have Overdraft Line of Credit?

If you have established other overdraft protection methods, such as a line of credit or automatic transfer from other deposit account, we will always look to those other methods first before paying your overdraft with MemberAdvantage.

Do I have to apply for this service?

No. We require no additional application or signature for this service.

For more information, read the MemberAdvantage Disclosure
or call Member Services at 252-442-8888.